VVV arbitrage explained
Right now Venice Token (VVV) trades on 10 venues we scan: 10 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $24.88 and the highest bid on Hyperliquid perp at $24.92.
The widest VVV perpetual spread is between Gate and Hyperliquid: long VVV on Gate at $24.88 and short on Hyperliquid at $24.92 for +0.19% gross, or +0.03% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.019% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best VVV route is to buy spot on Gate and short the perpetual on Hyperliquid: +0.12% gross, -0.08% net, with +0.030% a day of funding on the short leg.
Spot–spot VVV arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows -0.01% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small VVV gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: VVV funding rates · VVV spread charts · Venice Token price · arbitrage scanner for all coins.